Axis Workshops Limited

Axis Workshops Limited

AXIS WORKSHOPS LIMITED - Company Information

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Company Registration No. 10935798 (England and Wales)
Axis Workshops Limited Unaudited accounts for the year ended 31 August 2019
Axis Workshops Limited Unaudited accounts Contents
Page
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Axis Workshops Limited Company Information for the year ended 31 August 2019
Directors
Ronald Paul Williams Cornelia Ursula Wessels Danny Draper
Company Number
10935798 (England and Wales)
Registered Office
32 Woodland Hill London SE19 1NY England
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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Axis Workshops Limited Statement of financial position as at 31 August 2019
2019 
2018 
Notes
£ 
£ 
Current assets
Debtors
4
16,478 
3,298 
Cash at bank and in hand
21,696 
26,512 
38,174 
29,810 
Creditors: amounts falling due within one year
5
(35,365)
(21,225)
Net current assets
2,809 
8,585 
Net assets
2,809 
8,585 
Capital and reserves
Called up share capital
5 
4 
Share premium
402,708 
150,001 
Profit and loss account
(399,904)
(141,420)
Shareholders' funds
2,809 
8,585 
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 October 2019.
Ronald Paul Williams Director Company Registration No. 10935798
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Axis Workshops Limited Notes to the Accounts for the year ended 31 August 2019
1
Statutory information
Axis Workshops Limited is a private company, limited by shares, registered in England and Wales, registration number 10935798. The registered office is 32 Woodland Hill, London, SE19 1NY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Axis Workshops Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
4
Debtors
2019 
2018 
£ 
£ 
Trade debtors
16,460 
- 
Other debtors
18 
3,298 
16,478 
3,298 
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Axis Workshops Limited Notes to the Accounts for the year ended 31 August 2019
5
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
2,309 
220 
Other creditors
783 
5 
Loans from directors
21,000 
21,000 
Deferred income
11,273 
- 
35,365 
21,225 
6
Operating lease commitments
2019 
2018 
£ 
£ 
At 31 August 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
406 
- 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Cornelia Ursula Wessels
Directors Loan
(21,000)
- 
- 
(21,000)
(21,000)
- 
- 
(21,000)
8
Average number of employees
During the year the average number of employees was 5 (2018: 5).
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